Top 5 JP Morgan Mutual Funds (May 2011)

One of the most renowned financial management companies in the world, JP Morgan is also the fifth-largest mutual fund firm in the U.S. With more than $1.3 trillion worth of assets under management, the firm’s mutual fund offerings include products of all classes and management styles. It prides itself on being the leading provider of market neutral funds in the domestic market. JP Morgan also offers managed accounts and retirement products. The company has pioneered the introduction of innovative, inflation-protected municipal products.

Below we will share with you 5 top rated JPMorgan funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future.

JPMorgan Mid Cap Growth A (OSGIX) seeks capital appreciation with a secondary objective of current income. A large proportion of the fund’s assets are utilized to purchase common and convertible preferred stocks as well as debt issued by mid-cap firms. The fund returned 25.54% over the last one year period.

The JPMorgan mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.24% compared to a category average of 1.41%.

JPMorgan California Tax Free Bond (JCBAX) invests the majority of its assets in municipal bonds, the interest earned form which is not subject to federal and state personal income taxes for resident of the state of California. The average maturity period of the funds ranges form three to seven years. The fund has a three year annualized return of 4.21%.

Michelle G. Hallam is the fund manager and has managed this JPMorgan mutual fund since 2004.

JPMorgan Mortgage-Backed Securities A (OMBAX) seeks total return. At least 80% of its assets are invested in mortgage-backed securities. The fund focuses on acquiring bonds and debt securities rated investment grade though it may purchase securities of comparable quality. The fund returned 7.13% over the last one year period.

The JPMorgan fund has an expense ratio of 0.64% compared to a category average of 0.94%.

JPMorgan Core Plus Bond A (ONIAX) invests at least 80% of its assets in a wide range of debt securities of varying quality. Not more than 35% of its assets are used to purchase foreign securities. At least 65% of its assets must be invested in bonds rated investment grade at the time of purchase. The fund has a five year annualized return of 6.9%.

As of March 2011, this fund held 2033 issues, with 5.97% of its total assets invested in JPMorgan Liquid Assets Money Market Fund.

JPMorgan Intrepid Mid Cap A (PECAX) seeks capital growth over the long term. At least 80% of its assets are used to purchases equity securities of mid cap companies. These include common and preferred stocks, rights, warrants and convertible securities. The fund returned 20.94% over the last one year period.

Christopher T. Blum is the fund manager and he has managed this JPMorgan fund since 2008.

To view the Zacks Rank and past performance of all JPMorgan funds, then click here.

About Zacks Mutual Fund Rank

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at

About Zacks Investment Research 1766 Articles

Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.


Be the first to comment

Leave a Reply

Your email address will not be published.